ECB's Knot: Financial conditions not currently an impediment to growth

Eren Sengezer FXStreet

While speaking at a conference in Frankfurt on Thursday, Dutch Central Bank chief and European Central Bank Governing Council Klaas Knot argued that financial conditions are not currently an impediment to growth or to a rise in inflation in the eurozone.

"Policymakers should act with more caution in using unconventional tools subject to more uncertainty, act more forcefully with conventional instruments," Knot added.

The EUR/USD pair edged higher in the last minutes and turned flat on the day at 1.1005.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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